While the world faces growing economic misfortunes of the development of debt and obstinate inflation to the decrease in confidence in financial institutions, CEO of Coinbase said“The world needs crypto, now more than ever.” He adds:
“Debt increases exponentially, inflation paralyzes entire nations, economic freedom is decreasing.”
Armstrong points out the astronomical level of American federal debt, which recently exceeded 36 billions of dollarsAnd the corrosive effects of inflation on purchasing power and standard of living. These factors, he argues, led to a decrease in economic freedom and an increasing feeling of distrust among the citizens of the world.
“It is not a coincidence that Bitcoin prices are at peaks at all times. People turn to Bitcoin as an inflation refuge and deficit expenditure. ”
Crypto, and specifically Bitcoin, Armstrong quotes as a vehicle so that individuals regain control of their finances, bypass centralized institutions and access rapid and low cost world payments.
The CEO of Coinbase does not just present Crypto as an investment vehicle, but rather compensates for a transformative technology capable of updating the entire financial system. He stresses that the true potential of the crypto lies in its ability to revolutionize everything, settlement times and sends in cross -border funds to new models for artists and creators to monetize their work without sacrificing the margins to the intermediaries.
Considering crypto as a fundamental technology rather than a simple speculative asset, Armstrong thinks that the company can unlock new levels of innovation and economic participation. He closes his post saying:
“In summary:
– There are major problems with the current financial system. And they get worse.
– The crypto eats the financial services industry.
– Coinbase leads the load. »»Under the leadership of Armstrong, Coinbase has gone from a simple investment platform in cryptography in a complete supplier of financial services and now aims to serve as an application layer for the next generation of Internet tools.
Under the leadership of Armstrong, Coinbase has gone from a simple investment platform in cryptography in a complete supplier of financial services and now aims to serve as an application layer for the next generation of Internet tools.
Recent announcements, such as payment APIs for the transparent USDC colonies and a new Coinbase card with Bitcoin rewards, highlight the commitment of the company to make the crypto more accessible and useful in daily life.
Despite the incentives for very real and urgent challenges with which the global economy faces, the CEO of Coinbase transmits a message of optimism and emergency. Crypto is not only a financial trend, but a movement to rebuild the financial system from zero; And this will allow individuals, strengthen national economies and accelerate human progress. The call for action of Armstrong is clear: the world more than ever needs crypto.
